+- Post4VPS Forum | Free VPS Provider (https://post4vps.com)
+-- Forum: General Chat (https://post4vps.com/Forum-General-Chat)
+--- Forum: Offtopic (https://post4vps.com/Forum-Offtopic)
+--- Thread: looking for mining solution (/Thread-looking-for-mining-solution)
RE: looking for mining solution - dopeboy - 12-20-2017
@xdude Well if you have time to read some then,
This is mining with CPU, you can also mine with GPU if you want,
How it works is pretty easy, there are alot of altcoins (altcoins = bitcoin alternatives) which you can mine with cpu not just this (xrc), but this is what i'm currently mining so to start mining you need a program which supports cryptonight something like xmr-stak for linux (which allows cpu and gpu mining) or is a program called "CryptoNight" which is for windows mining, (it uses 'minerd') but just has a GUI to make it easy.
The pool will pay you for hashes which you solve, example till now i've mine 9106075761 hashes and i've got paid 12576 XRC worth 288$
So the pool is totally automated it will automatically send you payments for the work which you will do, you may will not be able to see your profit in first 4-5 hours if your hash rate is around 100-300H/s but after 3-5 hours you will get paid for hashes which you have mine. After first payment if you keep mining you will be able to see your profit after each block which we get there is no delay anymore. Also i must say that you will be able to see profit only if we keep getting blocks. if we can't get a block there is no payment not just for you but for all workers mining on that pool. Because when we mine a block that blocks will gave us a reward and that reward is ex 22 XRC (each block) and with that reward pool will pay workes.
Block reward goes low and low with time. Also from pool page you can see "Difficulty" if that's low your profit will be high because with a low power you will be able to mine more. But if Difficulty goes high your profit will go low. if it goes high and high you will not be able to mine that coin with cpu anymore!
Low Difficulty - high bandwidth will be used by pool and miner.
High Difficulty - low bandwidth will be used by pool and miner (because cpu will not have the required power to be able to solve alot of hashes)
As the coin which i'm mining can be mined with cpu i've set a low difficulty (you can see it https://raw.cryptoman.al/#getting_started DIFF. 100) there are pools which have a limited bandwidth and have put a high start difficulty for miners. and for you will be hard to mine on that pool if you have a small power!
CryptoNight algorithm Does not require a monster CPU like Intel i7-7700K (4+Ghz) but CryptoNight will use 2MB L1 or L2 or L3 cache for each core which your cpu have. so just with i7-7700K you will be able to get just around 200H/s but if i7-7700K have around 15+MB cache your hash rate can go +500H/s !
There is something else which you should know. example i7-7700K have 4 physical cores and 8 threads. Never use all threads to mine because hash rate will be low. always use just physical cores. Programs which are for mining have a option to choose how much cores you want to put in mining so if your CPU model is i7-7700K you should use just 4. if your cpu model is Xeon E5-2667v3 (which has 20MB Cache and 8 cores) you may can use around 10 core on mining because that cpu has 20MB cache.
So as you are mining you will start to get profit and you now need a shop where you can sell them. (you can always handle if you want to wait because price of those coins can go high or low who knows) so you can see price and market of each coin here
https://coinmarketcap.com/currencies/rawcoin2/
https://coinmarketcap.com/currencies/rawcoin2/#markets
As you can see from that link, market who supports that is livecoin.net so you can go creating one account and selling them.
At livecoin https://i.imgur.com/fxDg9fr.png you can set by yourself the price which you wants to sell your coins. example ppl come and wants to buy xrc and they put a price https://i.imgur.com/gdYaxoP.png (0.00000120 BTC x each XRC) means 0.02$ for each XRC.
but you can also do this https://i.imgur.com/UZiFJ2r.png (0.00000150 BTC x each XRC) but if you put that price you will need to wait till coin price rise and after they get sold you get your BTCs.
Just to remind all what i said is from my experience so may i can be wrong in somethings!
Another way is trading. Example you buy a coin when its price is low and you sell when it goes high..
But that's a case about luck xd.
RE: looking for mining solution - Lampard - 12-20-2017
Trading is the best way. But this way it is very time consuming since it doesn't even take 10 minutes for crypto-currencies for $100 increase.
RE: looking for mining solution - tryp4vps - 12-20-2017
(12-20-2017, 12:07 PM)dopeboy Wrote: The pool will pay you for hashes which you solve, example till now i've mine 9106075761 hashes and i've got paid 12576 XRC worth 288$
Hmm, may I know what CPU (and how many cores) you used for mining the 9.1 billion hashes?
And how long did it take for that 12576 XRC payment?
Only with these data we can know if it is really profitable or not.
RE: looking for mining solution - Vuluts - 12-20-2017
@dopeboy sounds interesting but is this really a legit way to get paid? just curious since it is really trending now adays.
RE: looking for mining solution - xdude - 12-20-2017
I have few questions too.
01. Which Altcoins are the best to mine right now ?
02. Mine is an old desktop which has a Core 2 Quad Q8300 Processor. I think it has just 4MB Cache. So I guess I will only able to use 1 core with 2MB Cache if it Mine while do other things ?
03. How much Bandwidth does mining take ?
RE: looking for mining solution - dopeboy - 12-20-2017
@tryp4vps i put everything. haven't count. there are servers mining which i don't even remember :p
but from all what i have power which i get is the same as 5 x GPU GeForce GTX 1080 Ti !!
for 9.1B hashes it took around 1 month. i can't provide you statistics because i don't monitor it i just put workers on mine and once for week i reboot everything. about how long, the same time which i did 9.1B hashes. That's nothing i've mine more than that x3 or x4 more than that. before i've mine KRB and i've done 300euro x/Month! but KRB difficulty is high now and i cannot mine it anymore with 3-5KH/s even with 10KH/s .. so i'm now with XRC till i find a new one.
about profitable or not. well is not if you are thinking to mine with vps or dedicated servers. i know that you will say no one allows to mine with vps. well that's wrong if you talk with some providers may some can allow it if you don't use 100% of cpu cores which you have. but for sure you need more than 1 core to do that. anyway is not profitable.
Only way to see your profit you need to build a rig. and if you have a gpu you can mine all kind of those coins but with some profit will be low with some high that's another case.
@Vuluts i'm not 100% sure for worldwide.. but in my country is allowed and legit not legit fully but there are no rules about it. But banks in my country says don't put your money in btc and bla bla but they have their interests on that. they want you to handle your money in bank and not using in btc but why not ex i bought 300$ btc long time ago that 300$ now is 1.3K$ ! however here is no law rule to mark this way as illegal (in Albania) but i've heard news that some guys got arrested by law for trading BTC (not in my country) you can try google "Got arrested for trading BTC" !
@xdude well idk what to say you can try. about bandwidth i'm not sure i just know that what i said before.
but my pool which wasn't rebooted for 15days at bw stats i can see around 50GB ..
which altcoins to mine? well no one talks too much about it, it's hard to find them. those days lots of altcoins come premined 10% - 50% but you can look around bitcointalk forum which is all about those things.. also maybe you can find something at https://coinmarketcap.com/ look around pages for small coins who have "minable" tag and see if it's good for you to mine..
RE: looking for mining solution - xdude - 12-21-2017
Well I don't have an unlimited Bandwidth Internet package so 50GB is a LOT!! So mining coins is off the table for me, probably.
Do you know anything about those browser based mining scripts ? I saw few people talking about it in another forum.
RE: looking for mining solution - tryp4vps - 12-21-2017
(12-20-2017, 05:59 PM)dopeboy Wrote: @tryp4vps i put everything. haven't count. there are servers mining which i don't even remember :p
but from all what i have power which i get is the same as 5 x GPU GeForce GTX 1080 Ti !!
for 9.1B hashes it took around 1 month. i can't provide you statistics......
Thanks for the information. No need for detailed statistics as these raw data can already give me an idea how "unprofitable" it is. Although it does not look like you mine coins for fun, I can see that you really love mining and so I hope you will be able to find a more profitable coin to mine soon.
RE: looking for mining solution - sagher - 12-21-2017
If anyone here have some effective free btc earning sites which definitely instant reward you mbtc's please share here.
RE: looking for mining solution - dopeboy - 12-21-2017
@xdude yes there are some like coinhive.com . its browser based. i used it for some days but i stopped and i didn't reach minimal amout to withdraw, so i can't say too much abut this. But be careful because alot of browser miners online are fake you start mining but they don't pay!
@tryp4vps yes you are right i'm obsessed with this, i have long time mining trying to save some money so i can build my rig.. Thank you